Nakamoto Holdings and KindlyMD merge with a $710M investment to create a Bitcoin treasury.
David Bailey’s Nakamoto Holdings integrates Bitcoin into global capital markets with the new merger.
The merger between Nakamoto Holdings and KindlyMD paves the way for Bitcoin-native finance.
In a significant step in cryptocurrency, Nakamoto Holdings, a Bitcoin-native holding company started by David Bailey, has merged with healthcare provider KindlyMD. This union aims to create the world’s first Bitcoin-native treasury network customized around accumulating Bitcoin that could find its way into the balance of the world’s businesses.
A Step Toward Mainstream Bitcoin Adoption
However, the combination of Bitcoin and the normal finance markets is unavoidable, as highlighted by David Bailey, a crypto advisor to the U.S president Donald Trump. Bailey said this merger represents the emerging attitude that Bitcoin is a reserve asset that may reshape global finance.
He stressed the company’s vision of a future in which all balance sheets, whether private or public, should have Bitcoin. Through this merging with KindlyMD, Nakamoto Holdings seeks to create an ecosystem of Bitcoin native companies that traverse wide ranges of media, financial services, and advisory services, all with a vision of taking Bitcoin adoption and utility further in mind.
Nakamoto Holdings's long-term vision is to increase the number of Bitcoins held per share and use various financial instruments, such as equity and debt, to gain more. To focus on Bitcoin’s role in reorganizing the global capital markets, the company aims to list its instruments on the leading exchanges, promising extensive coverage of the cryptocurrency in a compliant and transparent structure.
https://twitter.com/BitcoinForCorps/status/1921948610788221323 A Strategic Partnership with $710 Million Financing
The merger has been supported by massive financial support. The deal comprises a $510 million private placement of equity at $1.12 per share and $ 200 million raised through the sale of senior secured convertible notes paying off in 2028. This capital injection is to be wound up together with the merger.
The new merged entity will keep the stock of KindlyMD, which will be traded on Nasdaq under the “KDLY” symbol, with a new name and ticker. The merger, approved by the Bakkt board of directors and the boards of Nakamoto Holdings and KindlyMD, respectively, has been sent to the shareholders for final consultation. In addition to the funds, Nakamoto Holdings will also take over the marketing services offered by BTC Inc., the parent company of Bitcoin Magazine and the organizer of the Bitcoin Conference.
This strategic partnership strengthens Nakamoto Holdings’ standing as a frontrunner in the crypto world and will act to accelerate the integration of Bitcoin in corporate financial maneuverings. Now that it has taken wings and soars into reality, Nakamoto Holdings is ready to become a veritable force to reckon with within the Bitcoin world. It is the building block for further institutional interest and mass appropriation of Bitcoin as one of the most valuable financial assets.
